Project Initiation: week 2 Flashcards
What is the project goal
The Desired outcome of the project
Road map
Well defined goals are what
1) Specific
2) Measurable
What’s a project goal?
A desired outcome of a project that is clear and specific
A report that team members can present to stakeholders
A vague, yet inspiring outcome of a project
A desired outcome of a project that is clear and specific
What are Project Deliverables
The product or services that are created for the customer, client or project sponsor
What get produced or presented at the end of a task, event or process
Help quantify and realize the impart of the project
What’s a project deliverable?
A roadmap to completing the project
A tangible outcome produced at the end of a task
A team brainstorming session
A tangible outcome produced at the end of a task
SMART Goals
1) Specific
2) Measurable
3) Attainable
4) Relevant
5) Time-bound
Specific Goals
1) What do I want to accomplish?
2) Why is this a goal?
3) Who is involved?
4) Where should the goal be delivered?
5) To what degree
Measurable Goals
1) How much
2) How many
3) How will I know when it’s accomplished?
Benchmarks
Points of reference (like last year’s data)
What can help create a measurable goal? Select all that apply.
Contracts
Benchmarks
Metrics
Deadlines
Benchmarks
Metrics
Attainable Goals
1) Can it be reasonably reached
2) How can it be accomplished?
3) Break down goal in small parts
Relevant Goals
1) Does the Goal make sense?
2) Is the goal worthwhile?
3) Is it the right time?
Time-bound Goals
1) Means your project has a deadline
2) Good for breakdown parts of project (small goals)
What are OKR’s
OKRs combine a goal and a metric to determine a measurable
outcome
Stretch goals
OKRs stand for
Objective: Defines what needs to be achieved / Desired outcome
Key Results: The measurable outcomes that define when the objective has been met
Which part of an OKR defines what needs to be achieved?
SMART method
Metric
Key results
Objective
Objective
Levels of OKRs
1) Company / Organization
2) Department
3) Project
OKR development best practices
Think of your objectives as being motivational and inspiring and your key results as being tactical and specific. The objective describes what you want to do and the key results describe how you’ll know you did it.
As a general rule, try to develop around 2–-3 key results for each objective.
Be sure to document your OKRs and link to them in your project plan.
Scope includes
Timeline
Budget
Resources
What does project scope refer to?
The project completion deadline
The project documentation
The project resources
The project boundaries
The project charter
The project boundaries
Scope most important aspect
What is included and what is NOT included in the project
Here are a few more helpful questions to add to the list.
Where did the project come from?
Why is it needed?
What is the project expected to achieve?
What does the project sponsor have in mind?
Who approves the final results?